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Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?

To: Doug (Htfd,CT) who wrote (323)	4/12/1998 2:41:00 PM
From: Jonathan Brown	Read Replies (3) \| Respond to of 19700

Doug, since you've followed CMGI a good long while, perhaps you can explain something I find puzzling, namely, the typical spread, which is exceptionally large. What do you make of the fact that the gap between bid and ask is often as much as $1.75? Conversely, I've only rarely seen the spread as low as a quarter point, which in most stocks trading at CMGI's volume would be rather a lot. What on earth is going on with that? I hate to bring market makers into the discussion, since they're an easy target, but can you offer another explanation? If it isn't market maker shenanigans, then what the heck is it? It certainly has raised my eyebrows. Is there any regulatory monitoring of suspicious doings of this kind? Is it suspicious to you or anyone else? J